Super Micro Probe Finds No Misconduct, But Analyst Says 'Visibility Into Compliance' Remains Low

BenzingaDec 3 09:26 ET

The Nasdaq index reached a new high, French stocks rose, the south korea etf narrowed after a 7% drop, and the offshore yuan briefly fell below 7.31 yuan.

South Korean President Yoon Suk-yeol abruptly declared a state of emergency, boosting safe-haven assets such as U.S. Treasury bonds, Japanese yen, and gold, while cryptos on the South Korean exchange plunged. The South Korean parliament quickly passed a resolution to lift the state of emergency, with the Ministry of Finance and the central bank actively working on market rescue measures. After a 2.7% drop to a two-year low, the won’s decline was cut in half, South Korean etfs fell by 1.6%, and the yield on 10-year U.S. Treasury bonds turned to increase after hitting a new low in over a month. France is set to vote on dissolving the government as early as Wednesday, with French stocks following European markets upward, although they had previously declined during the day. The Dow Jones, small cap stocks, and semiconductor indices fell, while the China concept index once rose by 1.9%. The yuan hit a new low in a year during the day, and U.S. oil rose nearly 3% testing the $70 mark.

wallstreetcn18:09 ET

With Fraud Allegations Cleared, Is Super Micro Computer Stock (SMCI) a Buy?

TipRanks17:41 ET

December 3rd U.S. stock market turnover top 20: Apple hits another all-time high, market cap exceeds 3.66 trillion U.S. dollars

On Tuesday, Nvidia topped the list of US stock trading volumes, closing up 1.18% with a turnover of $22.403 billion. Nvidia's chief financial officer stated on Tuesday that acquisitions may be a possible use of the company's growing money market. According to reports, Nvidia is set to launch its highly anticipated next-generation "Blackwell Ultra" GB300 AI server in mid-2025, which far exceeds existing products in performance. Previously, Nvidia's Blackwell architecture has garnered widespread market attention and has been favored by many technology giants, bringing substantial revenue to Nvidia.

环球市场播报17:00 ET

Super Micro Computer Options Spot-On: On December 3rd, 1.19 Million Contracts Were Traded, With 4.55 Million Open Interest

Moomoo News16:30 ET

Fresh Closing Highs from S&P 500 and Nasdaq | Wall Street Today

Kevin Travers16:20 ET